Date
16 November 2018

China to make deep cuts into steel capacity, website says

China is planning to eliminate 80 million metric tons of steel capacity in the next five years in a fresh effort to tackle air pollution, Caixin.com reported Wednesday, citing State Council guidelines. The campaign will mainly affect the provinces of Shandong, Hebei, Liaoning, Jiangsu, Shanxi and Jiangxi, which have been blanketed in haze in recent years, the report said. The government will promote industry restructuring and move steel mills from urban districts in those provinces, it said. The country’s steel capacity is expected to reach around 1 billion metric tons this year, according to industry statistics.

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